Deutsche Bank appoints Majed Julfar as Head of Corporate Coverage Middle East & Africa and Chief Country Officer for the UAE
Deutsche Bank today announced the appointment of Majed Julfar as Head of Corporate Coverage for the Middle East and Africa (MEA) and Chief Country Officer (CCO) for the United Arab Emirates, effective immediately.
Based in Dubai, Julfar will lead Deutsche Bank’s Corporate Bank client Coverage strategy across the region and act as the bank’s most senior representative in the UAE, responsible for overseeing the local franchise across all business divisions and entities.
Julfar brings more than 25 years of experience in corporate and investment banking across the region. He joins Deutsche Bank from Etihad Credit Insurance (ECI), where he acted as a Director of Trade Credit Insurance and Export Finance. He previously held senior roles at Deutsche Bank, where he was part of the Investment Bank coverage team managing key regional client relationships. Earlier in his career, he also held key senior management positions in leading financial institutions including Emirates NBD, Dubai Bank, and ABN AMRO Bank.
Commenting on the appointment, Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East & Africa, said: “Majed’s appointment reflects the strength of our commitment to the UAE and the wider MEA region. His deep client relationships and understanding of regional markets will be critical as we continue to grow our business and deliver best-in-class solutions to our clients.”
Chintan Shah, Head of Corporate Coverage APAC & MEA, added: “Majed’s leadership will strengthen our ability to align global product capabilities with local client needs. His appointment supports our strategy of building a highly coordinated, client-focused coverage model across the MEA region.”
The appointment follows Deutsche Bank’s recent expansion in the UAE with the granting of a new branch license in Abu Dhabi Global Market (ADGM), reinforcing its long-term commitment to the market and enhancing its ability to support clients in both Abu Dhabi and Dubai.
Deutsche Bank has been present in the UAE since 1999 and offers a full range of financial services including corporate banking, investment banking, and wealth management.
Deutsche Bank AG, Dubai (DIFC) Branch is a branch of Deutsche Bank AG located and registered in the Dubai International Financial Centre (DIFC) in the Emirate of Dubai, United Arab Emirates, with registered no. 00062. Principal place of business in the DIFC: Dubai International Financial Centre, ICD Brookfield Place, Floor 35, PO Box 504902, Dubai, United Arab Emirates. Deutsche Bank AG, Dubai (DIFC) Branch is regulated by the Dubai Financial Services Authority (“DFSA”) and is authorized to provide Financial Services to Professional Clients only, as defined by the DFSA.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 13 March 2025 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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Deutsche Bank today announced the appointment of Majed Julfar as Head of Corporate Coverage for the Middle East and Africa (MEA) and Chief Country Officer (CCO) for the United Arab Emirates, effective immediately.
Based in Dubai, Julfar will lead Deutsche Bank’s Corporate Bank client Coverage strategy across the region and act as the bank’s most senior representative in the UAE, responsible for overseeing the local franchise across all business divisions and entities.
Julfar brings more than 25 years of experience in corporate and investment banking across the region. He joins Deutsche Bank from Etihad Credit Insurance (ECI), where he acted as a Director of Trade Credit Insurance and Export Finance. He previously held senior roles at Deutsche Bank, where he was part of the Investment Bank coverage team managing key regional client relationships. Earlier in his career, he also held key senior management positions in leading financial institutions including Emirates NBD, Dubai Bank, and ABN AMRO Bank.
Commenting on the appointment, Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East & Africa, said: “Majed’s appointment reflects the strength of our commitment to the UAE and the wider MEA region. His deep client relationships and understanding of regional markets will be critical as we continue to grow our business and deliver best-in-class solutions to our clients.”
Chintan Shah, Head of Corporate Coverage APAC & MEA, added: “Majed’s leadership will strengthen our ability to align global product capabilities with local client needs. His appointment supports our strategy of building a highly coordinated, client-focused coverage model across the MEA region.”
The appointment follows Deutsche Bank’s recent expansion in the UAE with the granting of a new branch license in Abu Dhabi Global Market (ADGM), reinforcing its long-term commitment to the market and enhancing its ability to support clients in both Abu Dhabi and Dubai.
Deutsche Bank has been present in the UAE since 1999 and offers a full range of financial services including corporate banking, investment banking, and wealth management.
For further information, please contact:
Deutsche Bank AG
Press & Media Relations
Mohanad Nahas
E-Mail: mohanad.nahas@db.com
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Disclaimers and disclosures
Deutsche Bank AG, Dubai (DIFC) Branch is a branch of Deutsche Bank AG located and registered in the Dubai International Financial Centre (DIFC) in the Emirate of Dubai, United Arab Emirates, with registered no. 00062. Principal place of business in the DIFC: Dubai International Financial Centre, ICD Brookfield Place, Floor 35, PO Box 504902, Dubai, United Arab Emirates. Deutsche Bank AG, Dubai (DIFC) Branch is regulated by the Dubai Financial Services Authority (“DFSA”) and is authorized to provide Financial Services to Professional Clients only, as defined by the DFSA.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 13 March 2025 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.